Industry Background:
Online on demand home services are offered by software applications which run online or can be accessed over internet. These services are gaining traction owing to their ability to provide services on time in a cost effective way. The common on demand home services includes home cleaning, pest control, automobile repairs, plumbing, mobile repair and others.This growth is primarily driven by Growing Digitization and Smartphone Penetration and Convenience for Consumer as They Access Services on the Go.
Globally, a noticeable market trend is evident Rising Demand in Beauty and Personal Care
. The Telecom Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Handy [United States], Hello Alfred [United States], YourMechanic [United States], Zaarly [United States], Airtasker [Australia], AskForTask [Canada], CLEANLY [United States], MyClean [United States], Paintzen [United States] and SERVIZ [United States] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
October 2018-: ANGI Homeservices intended to acquire New York-based Handy Technologies, Inc to strengthen its business presence in United States market.
Regulatory Insights:
Online services are subjected to data breach and it requires strong data protection laws. Global organization such as General Data Protection Regulation (GDPR) has stern rule regarding public data breach where companies are liable to pay 4 % of their annual turnover or €20 million, whichever is greater, in case of public data breach.
Market Drivers
- Growing Digitization and Smartphone Penetration
- Convenience for Consumer as They Access Services on the Go
Market Trend
- Rising Demand in Beauty and Personal Care
- Service Providers with Skilled Workforce are in Demand
Restraints
- Unreliability of Services and Trust Deficit Among Consumer and Service Providers
- Security Issues and Rising Incident of Fraud Activities
Opportunities
Growing Urbanization and Changing Lifestyle in Emerging Countries and Rising Disposable Income of People
Challenges
Unorganized Nature of Market and Reluctance Nature in Terms of Adoption in Rural Areas
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online On-Demand Home Services Study Sheds Light on
The Online On-Demand Home Services Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online On-Demand Home Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online On-Demand Home Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.